let me say just now, I think that now is a certain time to exhibit patience on the AIM listing.
To trying and sell stock to a marketplace that does not even allow hydraulic fracturing, is like buying the Romney for President 2016 '2nd times a doozy' shirts.
If DTE were going to be the real chrono masters they need to be, they would wait until Ann Road is fracced and flowed back which should probably be around the January/February time frame as the well was at 1200ft on 15Oct with about 10000ft to go, plus the lateral to run. Maybe a 90-120 day frac and flowback operation.
They have already reported their VERTICAl frac results from the Preese Hall well where they recorded a gross shale interval of 3000ft. They had a 12 zone (not stages) frac job to complete and had only completed the bottom 3 with a net interval of 169 feet. A net interval of 890feet remained to be fracced.
From the 169 feet they flowed a rate of 0.4-0.5mmfcd. That is pretty substantial flow rate considering it is both a vertical well, and that they had only tapped 15% of the intended zones.
Whats this plug for AJL got to do with DTE? DTE holds acreage in the Bowland. It may be that they dont have as thick a shale resource or they are in a different generation window, but we need them to drill it to confirm.
If Cuadrilla run successful frac and flowback operation on Ann Road, then we could see a massive hype over UK shale and DTEI would have the front seat at the shale IPO party.
For now, until the DECC announce the policy etc.. I think we will be waiting!!! My expectation is that we should have announcement from the UK government in about 2 weeks time.
Cheers,
SF
DTE Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
